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Heineken wins Tiger beer battle

5 years ago47 views

Heineken has won full control of Asia Pacific Breweries, the maker of Tiger beer.

That ends a two-month takeover battle by the Dutch brewer which want to strengthen its position in the fast-growing Asian beer markets.

Victory for Heineken - which is the world's third largest brewer - came as shareholders of Singapore conglomerate Fraser and Neave backed the sale of their stake in APB.